ARTICLE
26 June 2015

Can We Trust Cyber-Currencies?

BP
Baker & Partners

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Baker & Partners is a litigation-only offshore law firm, advising on the laws of the British Virgin Islands, the Cayman Islands and Jersey.  Our unmatched courtroom experience, problem-solving approach, and deliberately conflict-free operating model make us truly second to none when it comes to swift and effective resolution of contentious matters.  We are trusted by private clients, corporates, fiduciaries, governments and regulators to handle their most complex and high stakes disputes.
One might think that cyber-currencies are fundamentally unsuitable for trusts as their reputation for volatility and lack of transparency flies in the face of traditional ideas of prudence and conservatism.
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Advocate Stephen Baker, Senior Partner of Baker & Partners, will be the Guest Chair of a half-day complimentary Trusts & Cyber-Currencies seminar held on Friday 3rd July 2015, co-hosted by AO|Hall, Guernsey & Maitland Chambers, London.

Seminar Topics

One might think that cyber-currencies are fundamentally unsuitable for trusts as their reputation for volatility and lack of transparency flies in the face of traditional ideas of prudence and conservatism. But trusts nowadays are used for many purposes, and are frequently established by entrepreneurs or used within transactions, so that inevitably trusts will cross paths with digital finance in a number of potential circumstances.

Using the context of the private trust to discuss cyber-currencies is the ideal opportunity to consider not only how a trustee could properly fulfil his fiduciary duties if he invests in or makes use of digital finance. It also enables us to look at more fundamental questions, such as whether units in cyber-currency amount to property, how secure they are and how they square with established ideas of money and currency. Those questions are as much of interest to the regulator and the investment professional as they ought to be to the prudent trustee.

For further information or to reserve a place at this seminar, please click here.

www.bakerandpartners.com

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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